D.A. Davidson & CO. Acquires New Holdings in Marvell Technology, Inc. $MRVL

Key Points

• D.A. Davidson acquired 94,101 Marvell shares worth approximately $24.9 million in the third quarter, while institutional investors and hedge funds collectively own 83.51% of the company.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $327.36; recent results also exceeded expectations, with $2.74 billion in revenue and $0.94 in adjusted EPS.
• Marvell’s stock trades at a demanding valuation, while insiders sold approximately $12.8 million of shares during the quarter. Investors are also watching reported advanced talks to acquire Lumentum, which could strengthen Marvell’s position in AI networking but add execution and financing risks.

D.A. Davidson & CO. acquired a new position in Marvell Technology, Inc. (NASDAQ:MRVL - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 94,101 shares of the semiconductor company's stock, valued at approximately $24,862,000.

Several other large investors have also recently added to or reduced their stakes in the business. Hanseatic Management Services Inc. bought a new position in shares of Marvell Technology in the third quarter worth $1,359,000. WPG Advisers LLC bought a new stake in shares of Marvell Technology during the third quarter valued at about $26,000. LaFleur & Godfrey LLC bought a new stake in shares of Marvell Technology during the third quarter valued at about $1,510,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in Marvell Technology in the third quarter worth about $627,000. Finally, North Dakota State Investment Board acquired a new stake in Marvell Technology in the third quarter worth about $7,059,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Craig Hallum reiterated a "buy" rating and issued a $380.00 target price on shares of Marvell Technology in a research report on Wednesday, October 7th. TD Cowen upgraded shares of Marvell Technology from a "hold" rating to a "buy" rating and boosted their price target for the stock from $245.00 to $350.00 in a research report on Wednesday, October 7th. The Goldman Sachs Group restated a "neutral" rating and set a $270.00 price target on shares of Marvell Technology in a research report on Wednesday, October 7th. Evercore reaffirmed an "outperform" rating and issued a $433.00 price target on shares of Marvell Technology in a research note on Tuesday, October 6th. Finally, BMO Capital Markets reiterated a "market perform" rating and issued a $325.00 price objective on shares of Marvell Technology in a report on Wednesday, October 7th. Three research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $327.36.

Insider Buying and Selling at Marvell Technology

In related news, COO Chris Koopmans sold 10,000 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $180.50, for a total value of $1,805,000.00. Following the sale, the chief operating officer directly owned 227,941 shares in the company, valued at $41,143,350.50. The trade was a 4.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Justin Scarpulla sold 1,100 shares of the business's stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $273.59, for a total transaction of $300,949.00. Following the completion of the sale, the chief accounting officer owned 909 shares in the company, valued at $248,693.31. The trade was a 54.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 57,285 shares of company stock worth $12,837,063. Company insiders own 0.12% of the company's stock.

Marvell Technology Stock Up 3.3%

MRVL opened at $251.65 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 3.17. The company has a market capitalization of $220.67 billion, a PE ratio of 83.05, a P/E/G ratio of 6.81 and a beta of 2.26. The stock's fifty day moving average is $244.08 and its 200-day moving average is $181.12. Marvell Technology, Inc. has a one year low of $70.68 and a one year high of $329.88.

Marvell Technology (NASDAQ:MRVL - Get Free Report) last announced its earnings results on Thursday, August 27th. The semiconductor company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.01. The business had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.72 billion. Marvell Technology had a return on equity of 13.57% and a net margin of 27.93%. The company's quarterly revenue was up 36.5% on a year-over-year basis. During the same quarter last year, the business posted $0.67 earnings per share. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, equities analysts predict that Marvell Technology, Inc. will post 3.05 EPS for the current fiscal year.

Marvell Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Friday, October 9th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, October 9th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Marvell Technology's dividend payout ratio (DPR) is 7.92%.

Marvell Technology News Roundup

Here are the key news stories impacting Marvell Technology this week:

• Positive Sentiment: Bloomberg, as reported by Reuters, said Marvell is in advanced discussions to buy Lumentum, with an agreement potentially coming as soon as next week. The deal could give Marvell additional optical technology and manufacturing capacity at a time when AI-related demand is outpacing supply. Reuters article
• Positive Sentiment: Lumentum’s manufacturing capacity is reportedly sold out through 2029, highlighting the strategic value of established photonics assets. Investors may view the acquisition as a way for Marvell to capture more of the rapidly expanding AI networking and data-center market. Why Coherent Could Win article
• Positive Sentiment: Longer-term sentiment remains favorable after Marvell said revenue and earnings could grow at a 55%–60% compound annual rate over the next five years. Analysts have also raised forecasts and price targets, while ETF buying and generally positive brokerage ratings provide additional demand signals.
• Neutral Sentiment: The acquisition reports are not yet a completed transaction. Investors will likely focus on the purchase price, financing, regulatory review, and whether Marvell can integrate Lumentum without diluting returns.
• Negative Sentiment: MRVL already trades at a demanding valuation, with a high P/E and PEG ratio. Any concerns that the deal is too expensive—or that AI infrastructure growth expectations are already reflected in the stock—could limit further gains or increase volatility.

Marvell Technology Profile

Marvell Technology, Inc NASDAQ: MRVL is a semiconductor company that develops infrastructure solutions for data centers, telecommunications networks, enterprise systems, automotive applications and other connected markets. Its products are designed to support the movement, processing, storage and security of data across complex computing and communications environments.

The company's portfolio includes data-processing and networking processors, custom application-specific integrated circuits, Ethernet switches and controllers, storage controllers, connectivity products, and electro-optics solutions.

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